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What is an IRS audit?

Quick Answer

An IRS audit is a formal review of a tax return. Most are correspondence audits — letters asking for documentation. Audit risk is ~0.4% overall, higher for very high earners and certain risk patterns.

what-is-an-irs-audit
Warren Team
Updated February 25, 2026
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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